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Question: bureau of economic analysis for real gdp and personal consumption...

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Bureau of Economic Analysis for real GDP and personal consumption expenditures (PCE) in billions of 2005 dollars for the years 2009-2012 are: Year Real GDP PCE 2009 12,758 9,032 2010 13,063 9,196 2011 13,299 9,429 2012 13,616 9,630 As an economic analyst, you could use these figures to determine the simple multiplier to predict given changes in autonomous spending. Please compute the MPC for the years 2009-2010 and for 2011-2012. What would be the values of the simple multiplier for these two time periods?

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